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On Thursday, Asian equities demonstrated mixed performance, with market participants digesting the regional effect of the Trump administration's tax initiative.
The Nikkei 225 tacked on 0.34%, Australia's S&P/ASX managed to earn 0.10%, while the Shanghai Composite edged down 0.09%. Besides this, the Hang Seng index relieved 0.33%.
On Thursday, Chinese insurer ZhongAn Online debuted on the Hong Kong Stock Exchange. It rallied to HKD68.15, soaring 14.2%. The company’s underpinned by well-known names such as Ping An Insurance Group\'s Ma Mingzhe, Alibaba Group Holding\'s Jack Ma and Tencent Holdings\' Pony Ma.
Overnight, the Dow Jones industrial average concluded steeply higher, driven by a jump in financials amid soaring hopes that the Fed will lift rates for third time later in 2017.
As for the Dow Jones Industrial Average, it closed higher showing 22,344.48. Additionally, the S&P 500 concluded 0.41% higher and the Nasdaq Composite hit 6453.26, gaining 1.15%.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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